I just recently got them to approve my payoff amount and they have agreed to take everything off my credit within 30 days. But, they didn't have anything in writing that would say that once I pay this payoff amount I will have a paid in full by the creditor and that they will take it off credit as promised. I was told well the phone call is recorded so this should be good enough. What do you suggest?? should I contact the creditor and send them a letter stating that I have heard from the collection agency and they have said you approved the amount and it will be deemed paid in full once they receive payment. Can you give me something in writing??
By signing up a debt counseling session, your provided details (Name, Email ID and Phone No.) will be forwarded to the company advertising on the DebtCC. However, you have no obligation to use their services.
Some creditors and collection agencies refuse to lower the payoff amount, interest rate, and fees owed by the consumer.
Creditors/collection agencies can make collection calls and file lawsuits against the consumers represented by the debt relief companies.
Debt relief services may have a negative impact on the consumer's creditworthiness and his overall debt amount may increase due to the accumulation of extra fees.
The amount which the consumer saves with the use of debt relief services can be regarded as taxable income.